Entropy Technologies LP Invests $1.35 Million in Delta Air Lines, Inc. (NYSE:DAL)

Entropy Technologies LP purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,356 shares of the transportation company’s stock, valued at approximately $1,353,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in Delta Air Lines in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at $31,000. Modus Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth $33,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DAL. Barclays increased their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

NYSE DAL opened at $66.20 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The business’s fifty day moving average is $64.01 and its 200 day moving average is $54.93. The company has a market capitalization of $42.72 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,863 shares of company stock worth $8,649,150 in the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.